4.86%: Mortgage Rates Inch Up Again
Long-term mortgage rates inched back up again this week. Freddie Mac reported 4.86 percent as the average on a 30-year fixed rate mortgage this morning, up from 4.81 percent last week. The rise in rates comes just days after federal regulators released a proposal that would revamp mortgage-lending rules and potentially raise mortgage costs for homeowners.
Frank Nothaft, vice president and chief economist at Freddie Mac, about this week’s rates:
Fixed mortgage rates rose slightly for a second week in a row, but continue to remain quite low. Low rates have benefited from relatively benign inflation reports. Inflation as measured by the 12-month growth in the core price index for consumer spending, a metric preferred by the Federal Reserve, is hovering near the lowest pace since 1960 when this data series began.
Here’s a look at the path of mortgage rates since last January:
See other articles related to: freddie mac, interest rates, mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/4.86_mortgage_rates_inch_up_again/3250.
Most Popular... This Week • Last 30 Days • Ever
DC continues to get close to meeting Mayor Muriel Bowser's goal of producing 36,000 n... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
Plans for another residential project in downtown Bethesda are moving forward.... read »
On Wednesday, Airbnb launched the Icons Collection, approximately a dozen "one-of-a-k... read »
The application could be a sign that plans to redevelop a pair of former church prope... read »
- 34,000 And Counting: DC Is 96% of Way Towards Meeting 2025 Housing Production Goals
- RFK Stadium Cleared For Demolition
- Site Plan Filed For 68-Unit Condo and Townhouse Project in Downtown Bethesda
- Airbnb Unveils Icons, One-Of-A-Kind Listings For Free
- Raze Application Could Pave Way For 45-Unit Condo Development At Former Church Site in Shaw
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro